Lahore: Ghazi Fabrics International Limited has released its financial report for the year ending November 12, 2026, revealing substantial changes in key financial metrics, primarily attributed to the shutdown of its plant. The corporate briefing session is scheduled for November 17, 2026.
The net sales for the year plummeted to 1,069 rupees from 594,031 rupees in the previous year, marking a very large or significant move of 99.8%. This drastic decline is largely due to the shutdown of the plant, which resulted in minimal operational activities.
The cost of sales also saw a reduction, recorded at 226,141 rupees compared to 883,088 rupees in 2025, reflecting a very large or significant move of 74.4%. This decrease was driven by reduced production and the sale of previously manufactured items.
Despite the significant drop in sales, the gross loss improved by 22.1%, amounting to 225,071 rupees from the previous year's figure of 289,056 rupees. The decrease in loss is attributed to minimized operational activities during the year.
Operating loss increased to 518,185 rupees from 370,457 rupees, while the financial charges stood at 1,151 rupees, a considerable decrease from the previous year's 4,428 rupees. The loss after tax escalated to 604,935 rupees, up from 376,845 rupees. Consequently, the loss per share increased to 18.54 rupees from 11.55 rupees.
According to information available from the Pakistan Stock Exchange (PSX), Ghazi Fabrics' financial position has seen notable changes. The statement of financial position reveals a decrease in fixed assets to 2.26 billion rupees from 3.96 billion rupees, a very large or significant move of 42.8%. This decline is attributed to normal depreciation and the transfer of assets to be held for sale during the year.
Current assets have surged to 1.39 billion rupees from 464.85 million rupees, a very large or significant move of 198.1%. This increase is primarily due to the transfer of fixed assets to held for sale status. In contrast, current liabilities decreased by 35.4% to 31,719 rupees from 49,079 rupees, owing to the settlement of payables and reduced operations following the plant shutdown.
The report illustrates the significant financial challenges faced by Ghazi Fabrics International Limited amid its operational halt, highlighting the company's strategic decisions to manage its financial position during this period. The designated market category for the company is textiles.